1. Vietnam Stocks

  2. •

    Utilities

  3. •

    Electric utilities
Central Hydropower JSC

Central Hydropower JSC

HHOSE:CHP
26,300.00
VND
+100.00
(+0.38%)
4.38TMarket Cap
Central Hydropower JSC
HOSE:CHP
(Ho Chi Minh Stock Exchange)

Recent

price

26,300.00

P/E

ratio

- -

div

yld

3.81%

ROIC.AI

2010
2011
2012
2013
2014
2015
2016
2017
2018
2019
2020
2021
2022
2023
2024
2025
TTM
VND
- -
- -
1,414.05
3,199.19
3,792.94
4,205.23
3,746.14
5,458.1
2,981.18
4,525.79
5,267.82
4,994.59
6,980.43
5,590.37
5,164.34
6,335.65
- -
Revenue per Share
- -
- -
-42.19
762.63
1,289.99
1,893
1,486.34
2,602.62
608.21
1,370.38
1,765.65
1,535.42
3,236.68
2,137.22
1,990.17
2,907.08
- -
Basic EPS, GAAP
-5,407.77
-7,541.77
-2,021.35
1,129.71
1,800.2
2,317.22
1,692.4
4,324.37
-1,242.57
-1,810.82
2,224.41
1,917.19
4,349.45
2,921.73
4,089.89
4,279.54
- -
Free Cash Flow per Basic Share
- -
- -
- -
91.99
439.73
609.21
1,128.47
1,267.38
1,260.12
1,124.88
1,049.36
1,493.87
1,670.49
2,482.7
2,330.25
2,038.68
1,003.16
Dividend per Share
8,011.56
9,389.92
9,466.49
9,953
11,278.25
9,376.08
9,630.22
10,833.8
11,168.71
11,190.04
12,012.32
12,014.42
12,667.62
12,295.56
12,608.75
13,371.52
12,997.98
Book Value per Share
8,011.19
9,389.64
9,466.35
9,953
11,278.25
9,375.66
9,629.9
10,833.01
11,165.26
11,188.01
12,010.47
12,013.57
12,664.11
12,287.99
12,602.03
13,357.37
12,984.99
Tangible Book Value per Share
126
145
165
165
165
173
173
158
158
158
158
158
158
158
158
158
155
Basic Weighted Avg Shares
- -
- -
233,152
528,415
626,484
729,310
649,689
860,534
470,018
713,536
830,525
787,447
1,100,534
881,378
814,200
998,866
- -
Sales/Revenue/Turnover
- -
- -
38.45
58.23
58.3
61.4
55.31
60.36
37.27
49.16
50.6
46.54
56.12
48.78
46.68
50.95
- -
Operating Margin (%)
- -
- -
110,236
149,932
152,577
152,740
153,360
152,794
153,325
195,460
213,943
225,653
225,669
224,850
224,349
227,057
- -
Depreciation Expense
- -
- -
-6,957
125,965
213,070
328,301
257,775
410,334
95,892
216,055
278,372
242,075
510,295
336,955
313,767
458,324
- -
Net Income, GAAP
- -
- -
- -
- -
- -
- -
- -
5.1
5.05
4.7
4.28
4.88
4.79
5.2
5.48
5.47
- -
Effective Tax Rate (%)
- -
- -
-2.98
23.84
34.01
45.02
39.68
47.68
20.4
30.28
33.52
30.74
46.37
38.23
38.54
45.88
- -
Profit Margin (%)
464,571
182,240
-159,139
-171,369
-23,517
165,764
182,074
387,407
133,045
-88,718
77,516
70,034
170,092
139,443
203,922
460,206
478,493
Working Capital
999,714
1,783,338
1,678,664
1,615,223
1,445,223
1,281,423
1,117,623
953,823
868,023
1,405,924
1,261,980
1,053,184
804,388
595,591
386,790
306,526
266,291
LT Debt
1,009,456
1,183,130
1,192,778
1,254,078
1,421,059
1,626,087
1,670,162
1,878,897
1,760,880
1,764,243
1,893,862
1,894,194
1,997,177
1,938,518
1,987,896
2,108,154
2,049,236
Total Equity
- -
- -
- -
4.12
6.76
10.58
8.49
13.79
3.3
6.94
8.14
7.3
16.12
11.57
11.63
17.79
- -
Return on Invested Capital (%)
- -
- -
- -
10.39
12.58
15.06
12.26
16.94
6.16
11.07
12.08
10.74
19.56
14.54
13.71
19.4
- -
Return on Capital (%)
- -
- -
-0.59
10.3
15.93
21.55
15.64
23.12
5.27
12.26
15.22
12.78
26.23
17.12
15.98
22.38
- -
Return on Common Equity (%)

Capital Structure

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
ST Debt
80,470
80,470
80,470
LT Borrowings
306,526
286,409
266,291
LT Finance Leases
- -
- -
- -
Preferred Equity and Hybrid Capital
- -
- -
- -
Shares Outstanding
158
158
158
Market Capitalization
4,666,736
4,493,255
4,382,895

Working Capital

VND

•

in mil. unless spec.
Dec'25
Mar'26
Jun'26
Total Current Assets
662,340
601,335
642,457
Cash, Cash Equivalents & STI
373,253
332,433
489,826
Accounts Receivable, Net
282,195
260,299
139,847
Inventories
3,671
3,983
4,017
Total Current Liabilities
202,133
168,983
163,964
Payables & Accruals
- -
- -
- -
ST Debt
80,470
80,470
80,470
Deferred Revenue
- -
- -
- -

Growth Rates

VND

•

in mil. unless spec.

(avg. rate of change)

10 years
5 years
1 year
Total Equity
2.76%
2.22%
6.05%
Free Cash Flow
-7.57%
24.97%
4.64%
Net Income, GAAP
21.82%
20.6%
46.07%
Sales/Revenue/Turnover
7.41%
5.94%
22.68%
Total Cash Common Dividend
15.35%
16.83%
-12.51%

Quarterly Revenue

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
139,003
148,226
173,113
353,857
814,200
2025
234,143
236,646
- -
333,809
998,866
2026
198,503
123,467
- -
- -
- -

Quarterly Earnings Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
196.62
256.25
351.3
1,273
1,990.17
2025
816
713
- -
1,070
2,907.08
2026
576
177
- -
- -
- -

Quarterly Dividends Per Share

VND

•

in mil. unless spec.

Year

Q1
Q2
Q3
Q4
FY
2024
736.8
4.7
1,034.17
595.33
2,330.25
2025
1.4
992.66
- -
1.07
2,038.68
2026
987.98
-2.93
- -
- -
- -
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Business
Central Hydropower Joint Stock Company (Central Hydropower JSC) is a Vietnam-based independent power producer primarily engaged in the generation, transmission, and wholesale distribution of renewable electric power. Founded in 2004 and headquartered in Da Nang, Vietnam, the company operates within the utilities and clean energy sector, supplying electricity directly to the national power grid managed by state utility Vietnam Electricity (EVN). The company's core asset portfolio includes the 170-megawatt A Luoi Hydropower Plant located in Thua Thien Hue Province and the 50-megawatt Cu Jut Solar Power Plant located in Dak Nong Province. Central Hydropower JSC operates through integrated energy business segments and provides a comprehensive range of products and services, including: wholesale electric power generated from reservoir and run-of-river hydroelectric facilities; solar photovoltaic power generation and high-voltage grid transmission; operation, maintenance, and facility management services for hydropower and solar power stations; engineering consulting, design verification, and construction supervision for electrical power projects; testing, calibration, and diagnostic inspection of high-voltage electrical equipment and substations; and maintenance, overhaul, and technical repair of electromechanical turbines, generators, and auxiliary plant systems. The company primarily serves commercial, industrial, and residential end-users across Vietnam via power purchase agreements with EVN and active participation in the Vietnam Wholesale Electricity Market (VWEM). In recent operational and strategic developments, Central Hydropower JSC has focused on expanding its clean energy footprint by conducting feasibility evaluations for floating solar installations on existing reservoir surfaces and evaluating potential wind energy assets across the Central and Central Highlands regions. The company has implemented major technical overhauls and structural reinforcement projects on the A Luoi plant's water conveyance tunnel system to ensure long-term operational integrity and dam safety, while deploying advanced automated hydrological monitoring and upgraded supervisory control and data acquisition (SCADA) systems to enhance power output efficiency under changing climate conditions. In addition, Central Hydropower JSC has optimized its financial structure through accelerated debt service payments on past power plant construction loans, enhancing liquidity and maintaining regular shareholder return distributions.